265-267 Essex St st - Apartments FOR SALE


Lawrence, MA 01840- Downtown Lawrence
$2,650,000 USD
978-390-8636
265-267 Essex St st, Lawrence, MA for Sale
$2,650,000 USD
Apartments - FOR SALE
1/27
null | 6.31% Cap Rate

265-267 Essex St st
Lawrence, MA 01840
Downtown Lawrence


HIGHLIGHTS

  • Well-Maintained building with all deleaded residential units
  • Strong demand for both residential and retial
  • Highly visibility and foot traffic for retail unit
  • Prime location with access to transportation and ameneties
  • Positioned for future growth with downtown Lawrence's Revitalization

OVERVIEW

Exceptional mixed-use property in the heart of downtown Lawrence, MA! This well-maintained building features 6 residential units, 1 retail space, and an in-building laundry room, offering a fantastic investment opportunity in a rapidly growing market. All units have been deleaded, providing peace of mind for tenants and owners alike. The residential apartments provide steady rental income, while the ground-floor retail unit offers high visibility and foot traffic, making it ideal for various businesses. Located in a prime area with easy access to public transportation, local amenities, and major highways, this property is perfectly positioned for future growth. With downtown Lawrence undergoing significant revitalization, this property promises strong future potential. Don’t miss out on this lucrative investment opportunity!

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$371 USD /SF

# OF UNITS

6

PRICE/UNIT

$441,667

CAP RATE

6.31%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

265-267 Essex St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,705 SF

ZONING

-

APN/PARCEL ID

LAWR-000126-000000-000028

ASK ABOUT THIS PROPERTY

Yannerys RodriguezKeller WilliamsMore Info
978-390-8636

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Yannerys RodriguezKeller WilliamsMore Info
978-390-8636

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.